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Caesars Entertainment has announced that may sell a stake in Caesars Interactive Entertainment, Planet Hollywood in Las Vegas and an ongoing casino project in Baltimore to boost its funds and credit rating. "We are pursuing this transaction because we believe it will improve our liquidity and credit profile, enhance our distribution network and provide additional support for potential new ventures," the company said.

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Caesars Entertainment is planning to spin off its online gambling business to help the company manage its debt and boost its equity. "We believe it will further improve our liquidity and credit profile, enhance our distribution network and provide additional support for potential new ventures," Caesars Chief Executive Gary Loveman said.

Genting's new casino at the National Exhibition Centre site near Birmingham, England, is officially under construction. The Resorts World Birmingham, which will employ 1,100, should be ready to open in 2015. "We are genuinely proud to be officially starting the construction work on Resorts World Birmingham. Our partnership with Genting marks an important step in our wider vision to make the NEC site more of a destination and the place where people come to discover the future," said Paul Thandi, the NEC Group's chief executive.

Global Gaming Solutions, which is backed by the Chickasaw Nation tribe in Oklahoma, has called off a plan to buy Legends Gaming's DiamondJacks casinos in Bossier City, La., and Vicksburg, Miss. "In view of those actions, we believe that it is in the best interest of the [c]ompany to move forward with an alternative plan of reorganization, with the full support of our creditors," Legends President Raymond Cook said.

The new Nobu Hotel Restaurant and Lounge at Caesars Palace in Las Vegas has opened its doors for business. "It's offering boutique services right in the middle of Caesars Palace, and that's really unique," said Gigi Vega, general manager of the Nobu Hotel.

Caesars Entertainment has informed the Securities and Exchange Commission that it plans to sell $1.5 billion in a debt offering. The company said it would use the proceeds to make payments on expenses and fees as well as other debt.